China Resources Pharmaceutical hits over 3-year high on unit's strong Q1

China Resources Pharmaceutical

27/04/2023 08:15

** Shares of pharmaceutical and healthcare products maker
China Resources Pharmaceutical Group Ltd  3320.HK  jump as much
as 9.7% to HK$7.70, highest since January 2020
    ** Stock on track for a second session of gains; top gainer
in Hang Seng Composite Index  .HSCI  
    ** Co says its unit Jiangzhong Pharmaceutical posts net
profit of 258 mln yuan ($37.33 mln) for three months ended
March, up 33.3% YOY, with\ revenue surging 41.4% YOY to 1.31 bln
yuan
    ** Hong Kong's healthcare index  .HSCIH  climbs 0.7%, the
Hang Seng Composite Index  .HSCI  gains 0.2% and Hang Seng Index
 .HSI  adds 0.3%



($1 = 6.9120 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))